Lockheed Martin Selected to Continue Automated Litigation Support to the Commodity Futures Trading Commission
Rockville, Md., 11/05/2008 -- Lockheed Martin [NYSE: LMT] announced that the corporation received a Blanket Purchase Agreement (BPA) to continue providing litigation support services to the U.S. Commodity Futures Trading Commission (CFTC). The initial funding, extending a five-year eLaw association between Lockheed Martin and CFTC's Division of Enforcement, is valued at approximately $2 million.
Under the contract, Lockheed Martin could provide an array of litigation support services, including eLaw tools support; data acquisition and processing; database creation and utilization; electronic file processing and forensics; discovery consultation; pre-trial and trial support; and contract and program management. These services and Lockheed Martin's subject matter expertise will allow CFTC attorneys to focus on preparing and presenting their cases, maximize efficiencies and enhance effectiveness. The overall BPA has a period of performance of one year, plus four one-year option periods, with an estimated total value of $15 million.
We stand ready to support CFTC with mission-critical eLaw and litigation support services, said Darrell Graddy, vice president of Lockheed Martin Process Solutions, as the Agency ensures the integrity of the futures and options markets.
Lockheed Martin has been providing litigation support services to the federal government for decades.
Headquartered in Bethesda, Md., Lockheed Martin is a global security company that employs about 140,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The corporation reported 2007 sales of $41.9 billion.